Recouping Investment: A Two-Year Journey
Approximately two years post its launch, Alan Wake Remastered has achieved a significant milestone by recouping its development and marketing expenses. Released in October 2021, the revamped version of the original Alan Wake has finally managed to break even during the third quarter of the current fiscal year, marking a pivotal moment for developer Remedy Entertainment.
Remedy’s Fiscal Snapshot
This financial turnaround was highlighted in Remedy’s fiscal report for the quarter ending on September 30, 2023. Despite the success of Alan Wake Remastered, the report indicated a slight decrease in quarterly revenue by 1.1 percent, amounting to €7.8 million (approximately $8.3 million). Additionally, the company faced a loss of €5.5 million ($5.8 million), a substantial increase compared to the $3.3 million loss reported in the same quarter of the previous year.
Investment in Future Projects
According to Remedy’s CEO Tero Virtala, this financial scenario is attributed to the studio’s increased investment in its ongoing game projects. Virtala emphasized that these investments, while temporarily impacting revenue, profitability, and cash position, are essential for the studio’s long-term goals and sustainability.
Inside Remedy’s Upcoming Endeavors
Control 2: An Ambitious Pursuit
Control 2, the much-anticipated sequel, is currently in the proof-of-concept stage. Virtala described it as an ambitious project, hinting at the significant efforts and resources being invested to bring this title to fruition.
Reviving Max Payne
The remakes of Max Payne 1 and 2 have reached the “production readiness” stage. This progression marks a definitive step in the development process, especially after the studio gained a clearer understanding of the games’ style and scope.